China Universal Asset Management Co. Ltd. Buys 3,694 Shares of DoorDash, Inc. (NASDAQ:DASH)

China Universal Asset Management Co. Ltd. increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 21.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,943 shares of the company's stock after acquiring an additional 3,694 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in DoorDash were worth $3,828,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after acquiring an additional 1,807 shares during the period. Jones Financial Companies Lllp grew its holdings in DoorDash by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock worth $323,000 after acquiring an additional 512 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in DoorDash by 66.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,242 shares of the company's stock worth $208,000 after acquiring an additional 495 shares during the period. GAMMA Investing LLC grew its holdings in DoorDash by 70.4% during the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock worth $351,000 after acquiring an additional 794 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in DoorDash by 14.4% during the first quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock worth $299,000 after acquiring an additional 206 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research analyst reports. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. Oppenheimer upped their price objective on shares of DoorDash from $220.00 to $280.00 and gave the company an "outperform" rating in a research note on Monday, June 30th. Roth Capital set a $191.00 price target on shares of DoorDash and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company increased their price objective on DoorDash from $198.00 to $239.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Morgan Stanley lowered their target price on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $220.53.

DoorDash Stock Performance

DoorDash stock traded up $8.10 on Monday, reaching $246.89. The company's stock had a trading volume of 5,708,387 shares, compared to its average volume of 4,249,587. The company has a market cap of $104.62 billion, a price-to-earnings ratio of 320.64 and a beta of 1.70. The business's fifty day moving average price is $211.96 and its 200 day moving average price is $193.89. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. DoorDash's revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) earnings per share. As a group, equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the completion of the sale, the director directly owned 26,070 shares of the company's stock, valued at approximately $6,274,788.30. The trade was a 63.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 62,267 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the sale, the chief operating officer directly owned 942,554 shares of the company's stock, valued at approximately $191,027,419.18. This trade represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 427,781 shares of company stock valued at $94,277,848 over the last ninety days. Company insiders own 5.83% of the company's stock.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.